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Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents selected financial information for Chesapeake’s operating segments:
 
 
Exploration
and
Production
 
Marketing,
Gathering
and
Compression 
 
Other  
 
Intercompany
Eliminations
 
Consolidated 
Total
 
 
($ in millions)
Three Months Ended
March 31, 2017
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,469

 
$
2,404

 
$

 
$
(1,120
)
 
$
2,753

Intersegment revenues
 

 
(1,120
)
 

 
1,120

 

Total Revenues
 
$
1,469

 
$
1,284

 
$

 
$

 
$
2,753

 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
 
$
567

 
$
(386
)
 
$
(10
)
 
$
(29
)
 
$
142

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
March 31, 2016
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
993

 
$
1,743

 
$

 
$
(783
)
 
$
1,953

Intersegment revenues
 

 
(783
)
 

 
783

 

Total Revenues
 
$
993

 
$
960

 
$

 
$

 
$
1,953

 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
(as previously reported)
 
$
(895
)
 
$
40

 
$
(9
)
 
$
(57
)
 
$
(921
)
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) Before
Income Taxes
(as revised)
 
$
(1,042
)
 
$
40

 
$
(9
)
 
$
(57
)
 
$
(1,068
)
 
 
 
 
 
 
 
 
 
 
 
As of
March 31, 2017
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
10,147

 
$
918

 
$
1,031

 
$
(397
)
 
$
11,699

 
 
 
 
 
 
 
 
 
 
 
As of
December 31, 2016
 
 
 
 
 
 
 
 
 
 
Total Assets
 
$
11,249

 
$
1,118

 
$
1,059

 
$
(398
)
 
$
13,028